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Jan 19th
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Home Service Industry news Tertiary news S&P equates delayed Greek debt payment to default

S&P equates delayed Greek debt payment to default

Standard & Poor’s warned on Monday that a proposal to restructure Athens’ debt, which would lead to a delay in payment, is equal to a default. S&P was reacting to an agreement in principle by German and French banks to roll over loans to Greek to give the financially challenged government sufficient time to repay its debts.


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